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Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…

Asian and European buyers of liquefied natural gas (LNG) are continuing the trend of snapping up long-term offtake agreements in a bevy of deals this week. Sempra Infrastructure said Wednesday it has reached a preliminary agreement with a subsidiary of Germany utility RWE AG.  The San-Diego-based energy company’s LNG arm could deliver 2.25 million metric…

Global oil demand should plateau earlier than estimated, likely before 2030, but natural gas will continue to play a key role in the energy transition, TotalEnergies said Monday. The Paris-based multi-energy major provided its third annual short-term forecast in the Energy Outlook (EO) 2021. Ahead of the upcoming United Nations (UN) Climate Change Conference, also…

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

A roundup of news and commentary from NGI’s LNG Insight Corpus Christi Pipeline planned to conduct maintenance through Friday that could cut feed gas deliveries to the Corpus Christi LNG export terminal by up to 75 MMcf/d, according to Wood Mackenzie. Meter cleaning at the system’s interconnect with Natural Gas Pipeline Company of America and…

French supermajor TotalEnergies SE has inked a $750 million tolling fee agreement with infrastructure fund Global Infrastructure Partners (GIP) related to the downstream facilities at the Gladstone liquefied natural gas (LNG) project in Australia. Under the terms of the deal, GIP is to receive a throughput-based tolling fee calculated on TotalEnergies’ share of gas processed…

Anticipated delays in developing liquefied natural gas (LNG) export projects in Mozambique could cause the market to tighten even more than expected later this decade, with forecasts flipping from surplus to deficit in 2029, according to a new report from Rystad Energy. The Norwegian consultancy said it now expects a supply deficit of 5.6 million…

French supermajor Total SE has suspended work at its Mozambique liquefied natural gas (LNG) work site amid rising violence in the area. Total said the security threat from violent insurgents had led it to declare force majeure on the $20 billion project. It did not say when work might resume. “Considering the evolution of the…

French supermajor Total SE is partnering with German engineering firm Siemens AG to explore ways to lower carbon emissions at liquefied natural gas (LNG) sites. Total said Tuesday it had signed a technical collaboration agreement with the Siemens Energy subsidiary to study “sustainable solutions” for carbon dioxide (CO2) reduction, with a focus on LNG facilities…